Why would I use a Chartered accountant instead of a regular accountant?
Husband is a Sole trader . Thanks
Small Business - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
A chartered accountant is authorised by law to perform audits and issue audit certificates under their stamp. Even if you hire a regular accountant you still need to get your audit and tax returns authorised by the CA.
Answer 2 :
Hello christma... A chartered accountant is a member of a professional body that thas a royal charter. Such a qualified accountant would be hired by the bigger companies, for thier annual accounts etc., or by auditing companies. No doubt they would command a higher fee. If your business is small you would only require an ordinary accountant, perhaps a specialist in tax accounting. A little thought on the matter now i am sure will put you really in the picture.
Answer 3 :
Hi Depends what you mean by a 'regular' accountant. However so long as you mean someone who has trained and is regulated by a relevant professional body, then if you run a small company the answer is it doesnt usually matter. I run a small accountancy firm and am not Chartered (I am a member of the Institute of Financial Accountants) but I happen to employ Chartered Accountants and Accounting Technicians (and an ex Banker) - all of us do certain types of work and my Chartered employees actually dont do anything different to me (except that I sign off the quality of their work). To be quite honest for small firms the most important thing is whether your accountant is good, whether he explains what he is doing so you understand the pieces of paper you are signing, and that they are 'fighting your corner'. A Chartered Accountant will, of course, tell you they are the best and by employing a non-Chartered you are selling yourself short. In practice this is not necessarily true. Kind regards David Nicoll
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